Setting renting prices

[Albert Smolinski]

I'm extremely new to real estate. My question is when you buy a property,  what criteria do you look for when setting  rent price?

[Aaron T.]

Albert, you will want to look at similar properties in your area. then look at condition compared to each. you can also take an average of price per sqft for rent and get a ball park as well when comparing places.

location will also play a roll. a house a couple blocks over may be on the other side of a busy street and effect the rent value.

so look at craigslist, Zillow, rentometer, etc to get you in the ballpark. you can also call property management companies and get an assessment on what they think of your property. you may want to hire them and take the PM off your hands.